Park South redevelopment progresses

The city has issued a building permit for the parking garage planned across from Albany Medical Center.

New Scotland Avenue in Albany, with a new building by BBL Construction Services in the background. (Times Union archive photo)

The garage would be built by BBL Construction Services of Albany. The permit pegs the building’s cost at about $21 million.

The 1,550-car garage at 40-50 New Scotland Ave. would serve the parking needs of the hospital. And it would be fronted by a six-story building with retail on its lower floors and apartments on its upper floors.

BBL and affiliate Columbia Development have been heavily involved in the redevelopment of Park South, a troubled neighborhood south of Washinton Park in Albany. The company recently completed an office building at 22 New Scotland and is moving ahead for a similar building at 16 New Scotland.